Acculynk Inks ShoppersChoice.com

Online specialty retailer ShoppersChoice.com is now processing purchases
made with Acculynk’s “PaySecure” PIN debit service.
PaySecure is the first product to gain approval by four EFT networks,
including ACCEL/Exchange from Fiserv and NYCE, to run Internet PIN debit
transactions and meets consumer demands for increased security and
convenience, while providing merchants lower interchange fees, reduced
fraud and charge-backs, guaranteed funds and simple implementation with
the online checkout. PIN debit is an ideal
online payment method because it provides an extra layer of security for
consumers and cost savings for merchants, while offering attractive
margins to issuers and a new revenue source for EFT networks.

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MINT CTFS CARD

Mint Technology and Canadian Tire Financial Services Limited have signed a deal to introduce a new Canadian Tire branded prepaid MasterCard product. The prepaid card will be available to residents of the Province of Ontario. A self-serve website will also be launched where prepaid card customers can load funds to their card and view transactions. Located in Welland, Burlington and St. Catharines Ontario, Canadian Tire Financial Services Limited is a wholly owned subsidiary of Canadian Tire Corporation, Limited. Mint Technology is Canada’s first provider of prepaid credit card programs.

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Meta Payment Systems & NetSpend Team

Branded prepaid card issuer Meta Payment Systems and NetSpend
Corporation have teamed to offer the “iAdvance Line of Credit”.
Award-winning and
patent-pending iAdvance provides consumers with the opportunity to
establish short-term, small-dollar lines of credit and have the money
immediately available on their NetSpend prepaid card. The enrollment
process takes less than two minutes, and no credit check
is required. Once enrolled, advances to cardholders are completed in
seconds with funds immediately available to the borrower on their
NetSpend prepaid card.

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ink! Coffee to Offer the MocaPay Option

Mobile loyalty provider Mocapay will implement the mobile gift program
of CO-based ink! Coffee. Through their partnership with Mocapay, ink!
Coffee will be able to
expand their existing plastic gift card program to appeal to a wider
demographic of customers, especially those that visit on a regular
basis. ink! Prior to launching the mobile gift program, Mocapay will
help ink! Coffee migrate off their current standalone gift card terminal
to a single point-of-sale system. By integrating their point-of-sale,
ink! Coffee will improve the efficiency of their in-store staff to
better serve their customers, especially during peak hours. ink! Coffee
mobile gift account holders will be able to transact at the
point-of-sale, access their account balance and transaction history,
find the nearest ink! Coffee location, and reload their gift/convenience
account from their mobile phone.

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S1 Corp and Epson Reach a Deal

Financial solution software provider S1 Corporation has entered into a
partner agreement with Epson. Two S1 divisions, S1 Enterprise and FSB
Solutions, develop and market
integrated branch automation solutions and will resell Epson’s line of
receipt and validation printers, check scanners and other devices used
in financial institution branch offices. S1 Enterprise develops and
markets S1 Teller and S1 Sales & Service and FSB offers FSB Teller, FSB
Sales and Service, and FSB Teller & Branch Image Capture.
Epson is a manufacturer of highly reliable
point-of-service technology, including printers, precision printing
mechanisms and digital image scanners.

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Oberthur Technologies Unveils Smart Seal

Oberthur Technologies is introducing “Smart Seal,” a new, secure
packaging that will deter packaging fraud.”Smart Seal” joins other innovative Oberthur Technologies’ gift packaging products – including “Smart Pouch” and “Smart Fold.” “Smart Seal’s” patent-pending, heat and pressure process creates a seamless, tamper-resistant barrier around the gift card package. With “Smart Seal,” the only way to access the gift card is to tear or cut the package, making it easily detected that the product had been tampered.

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ABS Card Delinquency Reaches a New Record

For the second consecutive month, credit card delinquencies breached
all-time highs according to the latest “Fitch Credit Card Index”
results. At January month end, the 60 plus day delinquency rate was
4.04%. Credit card issuers typically charge off receivables after 180
days of delinquency or within 60 days of a bankruptcy filing. This
month’s rise in delinquencies indicates that gross charge-offs, at 7.40%
as of January month end, are likely to rise significantly in the near
term. Fitch’s “Prime Credit Card Delinquency Index” posted its second
consecutive record high last month reaching 4.04% up from 3.75% in the
prior month. The index has surged more than 23% in the last three months
and the latest figures are 30% above historical averages. The index
measures the percentage of credit card receivables that were reported
more than 60 days past due through January.

90+ DAY DELINQUENCY
Aug 08: 3.12%
Sep 08: 3.13%
Oct 08: 3.25%
Nov 08: 3.75%
Dec 08: 3.28%
Jan 09: 4.04%
Source: CardData (www.carddata.com)

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FSV Payment Systems Lands New Funding

TX-based stored value provider FSV Payment Systems has received $6
million from Ballast Point Ventures and
North Hill Ventures. Ballast Point Ventures is a later stage venture
capital fund established
to provide expansion capital for rapidly growing, privately owned
companies in diverse industries. North Hill Ventures, LP, a private equity
firm established in 1999, manages $120 million in venture capital
funding. FSV, a privately-held
company, is an industry leader in providing open loop prepaid card
processing and program management services. The Company provides payroll
cards, general purpose reloadable, rebate, incentive, gift and
healthcare card solutions to corporations, financial institutions and
government agencies.

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MoneyGram to Offer Visa ReadyLink

MoneyGram and Visa have teamed to introduce “Visa ReadyLink” – Visa’s
prepaid load network – in MoneyGram’s 40,000 agent locations across the
USA. MoneyGram enables consumers with any “Visa ReadyLink”-enabled
prepaid card to add funds anywhere “MoneyGram Money Transfer” and
“ExpressPayment” are offered. MoneyGram joins more than 8,000
participating “Visa ReadyLink” locations. MoneyGram has 176,000 agent
locations in 190 countries and territories.

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Pegasystems Revenues Rise 11% in 2008

Pegasystems reports that total revenue for the year increased 31% to
$211.6 million. License revenue for the year increased 50% to $76.6
million and net income for 2008 was $11 million, compared to $6.6
million in 2007. The Company says financials were impacted by
significant client matters across many business operations including
banking, credit cards, lending, property and casualty insurance, life
insurance, health payers, care providers, telecom, manufacturing,
hospitality, government, and business process outsourcing. Pegasystems’
expects revenue in 2009 to surpass $250 million,estimated to result in
net income that may exceed $17 million on a GAAP basis. For complete
details on Pegasystems’ latest results visit CardData ([www.carddata.com](http://www.carddata.com)).

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Prepaid Card Carrier Personalization Takes-Off

CO-based Springbok Services now enables corporate clients to package branded prepaid cards inside a greeting card personalized with text and graphics for each individual recipient. Springbok Prepaid Greetings includes three options: extend “congratulations” or “thank you” with one of Springbok’s pre-printed greeting card/prepaid card selections; match your corporate prepaid card design with your greeting card cover design; and create a greeting card/prepaid card that is truly unique. Use each card surface (front, inside and back) as your palette for the graphical images you choose. This option also enables clients to customize the text on the greeting card and include a personalized message to each recipient to reinforce program goals. The company is SAS 70 Type II and PCI certified and supports more than 6,000 clients.

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PX450 Color Printer is Unveiled

MN-based specialty color printer manufacturer Primera Technology has
introduced its new “PX450 Color Printer”. The “PX450” is a compact,
full-color printer designed for use at retail
point-of-sale and point-of-issue. It is ideal for printing coupons,
receipts. Full-color printing can add significant impact to printed
output. A
recent study indicated that consumer redemption rates of coupons printed
in color were up to 25% higher than coupons printed in black and white.
In addition to retail POS, “PX450” is expected to also be used in
hospitals, banking, hospitality and more.

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